Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/18211
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dc.contributor.authorDownham, Jackie-
dc.contributor.authorWilkinson, Nick-
dc.date.accessioned2019-04-13T03:42:06Zen
dc.date.accessioned2017-01-11T23:21:24Zen
dc.date.available2017-01-11T23:21:24Zen
dc.date.issued2016-11-04-
dc.identifier.urihttps://hdl.handle.net/10620/18211en
dc.identifier.urihttp://hdl.handle.net/10620/4284en
dc.description.abstractThe gender gap in retirement savings is not just about superannuation balances; a deeper analysis could help policymakers target those most in need. In this new paper, The need to look deeper on the gender gap, Jackie Downham and Nick Wilkinson look at the Household Income and Labour Dynamics in Australia (HILDA) data which shows a disparity between couples and singles on projected retirement income. While the gap in super balances is materially wider for males and females who are part of a couple (compared to single individuals) their combined median projected retirement income is 2% above the “comfortable” level cited by the ASFA Retirement Standard. In contrast, the median projected retirement income for single males is 15% below ASFA’s comfortable level while single females are 23% below ASFA’s comfortable level. Given that over 70% of people are married/part of a couple, we believe it is important to consider how the superannuation gap and retirement adequacy is impacted by marital status. While there is a 24% gap in superannuation balances between single females and single males, the projected retirement income for females is 9% lower than males. Based on superannuation balances alone, this gap would be wider but single females are expected to rely more heavily on the age pension. In both cases the level of projected retirement income for singles is generally inadequate, with only one in four single women and one in three single men expected to reach ASFA’s comfortable level of retirement income. Given couples are generally more on track to reach a higher level of retirement income adequacy, this would suggest policy discussions should be tilted towards addressing the shortfall in retirement incomes for singles, particularly single women.en
dc.subjectGenderen
dc.subjectAgeing -- Retirementen
dc.subjectEmployment -- Exit from employment (Retirement/Redundancy)en
dc.titleThe need to look deeper on the gender gapen
dc.typeReports and technical papersen
dc.identifier.surveyHILDAen
dc.description.institutionWillis Towers Watsonen
dc.description.pages8en
local.identifier.id4828en
dc.subject.dssAgeingen
dc.subject.dssGenderen
dc.subject.dssLabour marketen
dc.subject.dssmaincategoryAgeingen
dc.subject.dssmaincategoryGenderen
dc.subject.dssmaincategoryEmploymenten
dc.subject.dsssubcategoryRetirementen
dc.subject.dsssubcategoryExit from employment (Retirement/Redundancy)en
dc.subject.flosseGenderen
dc.subject.flosseAgeingen
dc.subject.flosseEmployment and unemploymenten
dc.relation.surveyHILDAen
dc.old.surveyvalueHILDAen
item.openairetypeReports and technical papers-
item.fulltextNo Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
item.cerifentitytypePublications-
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